OCZ Technology ACQUIRED By Seagate and 3 Hot Stocks Demanding Investor Attention
OCZ Technology Group Inc. (NASDAQ:OCZ): After Bright Side of News reported that Seagate (NASDAQ:STX) has finalized a deal to buy the company, shares of OCZ Technology Group Inc. (NASDAQ:OCZ) are up 18% to $8.36 in pre-market trading, extending Friday’s gains. Shares of OCZ Technology are trading at 1.38% higher today.
Seagate Technology PLC (NASDAQ:STX): Companies like Seagate play a key role in the continued development of Singapore’s data storage industry, according to Minister for Trade and Industry, Lim Hng Kiang. He described the company as a valued partner in, helping to catalyze Singapore’s data storage industry’s growth, as well as their transformation to their current position of leadership. Shares of Seagate Technology PLC are trading at 0.57% higher today.
Coinstar, Inc. (NASDAQ:CSTR): Netflix is not as highly valued as Amazon, and this wide discrepancy between their earnings and cash flow could be cause for concern. However, neither company can hold a candle to Coinstar and DISH’s reasonable valuations, particularly in cash-flow terms. Both companies operate at varying levels of capability in both physical DVD rentals and streaming. At some point later this year, Coinstar will launch their streaming service partnership with Verizon (NYS: VZ). If the new service offers a deep enough library at an attractive price, it could put further pressure on Netflix’s online growth plans. Shares of Coinstar, Inc. are trading at 6.20% lower today.
Arch Coal Inc (NYSE:ACI): After Sterne Agee upgraded the company, shares of Arch Coal rose nearly 5 percent. Agee said that the miner’s sharp attention to cutting costs and their growth prospects make them a standout. Shares of Arch Coal Inc are trading at 0.29% lower today.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.